Solum Property Solutions

The areas of the country where home sales prices have now exceeded - indeed far exceeded - the previous all-time high of the market, recorded during 2008, are increasing on a steady basis.

The prices of newly built houses in the high-demand districts of Athens have now risen above the all-time record set in 2008.

In the southern suburbs the prices of new constructions are 30% higher compared to 2008, while in the center of Athens and in the northern suburbs the increase amounts to 20% over 2008 prices.

The property market will have fewer openings for growth this year, according to sector professionals, as certain categories that had expanded rapidly in early 2020, such as tourism assets, will remain under pressure in 2021.

The local residential property market is expected to continue moving at various speeds in 2019, as the segments that are seeing considerable interest from abroad are experiencing plenty of activity at a time when demand and transactions in others remain frozen.

Thousands of properties are coming into the state's possession not because they're bogged down in debt, but simply because the people who inherit them are opting to give up the titles.

The bulk of properties on the market haven't experienced so much as a whiff of buying interest, but there has been some strong activity in certain sections of the market in the last few months as some people have identified significant buying opportunities despite the unfavorable tax system and the vulnerable state of the Greek economy.